Author: Publisher: World Bank Publications
ISBN:
Category : Corporations
Languages : en
Pages : 36
Book Description
The Determinants of Financing Obstacles
Author: Publisher: World Bank Publications
ISBN:
Category : Corporations
Languages : en
Pages : 36
Book Description
The Determinants of Financing Obstacles
Author: Thorsten BeckPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The authors use survey data on a sample of over 10,000 firms from 80 countries to assess (1) how successful a priori classifications are in distinguishing between financially constrained and unconstrained firms, and (2) more generally, the determinants of financing obstacles of firms. They find that older, larger, and foreign-owned firms report less financing obstacles. Their findings thus confirm the usefulness of size, age, and ownership as a priori classifications of financing constraints, while they shed doubts on other classifications used in the literature. Their results also suggest that institutional development is the most important country characteristic explaining cross-country variation in firms' financing obstacles.
The Determinants of Financing Obstacles
Author: Financing obstacles among euro area firms : who suffers the most?
Author: Annalisa FerrandoHow important are financing constraints? : the role of finance in the business environment
Author: Meghana AyyagariPublisher: World Bank Publications
ISBN:
Category : Business enterprises
Languages : en
Pages : 59
Book Description
What role does the business environment play in promoting and restraining firm growth? Recent literature points to a number of factors as obstacles to growth. Inefficient functioning of financial markets, inadequate security and enforcement of property rights, poor provision of infrastructure, inefficient regulation and taxation, and broader governance features such as corruption and macroeconomic stability are discussed without any comparative evidence on their ordering. In this paper, the authors use firm level survey data to present evidence on the relative importance of different features of the business environment. They find that although firms report many obstacles to growth, not all the obstacles are equally constraining. Some affect firm growth only indirectly through their influence on other obstacles, or not at all. Using Directed Acyclic Graph methodology as well as regressions, the authors find that only obstacles related to finance, crime, and political instability directly affect the growth rate of firms. Robustness tests further show that the finance result is the most robust of the three. These results have important policy implications for the priority of reform efforts. They show that maintaining political stability, keeping crime under control, and undertaking financial sector reforms to relax financing constraints are likely to be the most effective routes to promote firm growth.
Identifying Binding Constraints to Growth
Author: Mr.Mauricio VargasPublisher: International Monetary Fund
ISBN: 1498365051
Category : Business & Economics
Languages : en
Pages : 48
Book Description
As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms' constraints and firm size, we implement an Ordered-Probit model with a potential categorical endogenous regressor to estimate, for the case of Bolivia, the conditional probability of facing obstacles given the firm size category, while controlling for other factors. The results confirm the importance of allowing for the roles of firm size in identifying constraints and suggest priorities for policies to remove constraints to economic performance.
Matarenda/Talents in Zimbabwean Pentecostalism
Author: Publisher: BRILL
ISBN: 9004446672
Category : Religion
Languages : en
Pages : 244
Book Description
In Matarenda/Talents in Zimbabwean Pentecostalism, the contributors reflect on how Pentecostalism contributes to the empowerment of marginalised societies, empowers women through the matarenda practices, and contributes to the development of wider society.
Communities in Action
Author: National Academies of Sciences, Engineering, and MedicinePublisher: National Academies Press
ISBN: 0309452961
Category : Medical
Languages : en
Pages : 583
Book Description
In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Money, Banking and Financial Markets in Central and Eastern Europe
Author: Roman MatousekPublisher: Palgrave MacMillan
ISBN:
Category : Business & Economics
Languages : en
Pages : 312
Book Description
This is a survey of the economic challenges which transition economies have undergone in the last 20 years. It gives a deep insight into the banking sector and financial markets of Central and Eastern European countries, examining their integration into the European Union and the key obstacles which prevent full integration. The book comments on and evaluates market changes and monetary policy in the region. It applies rigorous and advanced tools to analyse the ongoing development and remaining problems, including the impact and consequences of the current fiancial crisis.
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir BoukherouaaPublisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.